Stocks to watch out for in 2015

For the first time in five years, equity funds gave positive returns in 2014. As the Narendra Modi government looks to step up its reforms agenda, here's a list of stocks which are expected to be top performers in 2015:

ICICI Bank

Target Price - Rs 390

ICICI Bank has continued to demonstrate its prowess in improving ALM, maintaining robust liability franchise, managing asset quality risk along with conserving capital. . We believe management's focus on stable growth with improving structural profitability is likely to continue. We value standalone business at Rs.314 (2.0x FY16E ABV) and subsidiaries at Rs.76.